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Kimberly wants to buy zero-coupon bonds as a means of saving for retirement. She finds that the current price of a zero-coupon bond with a

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Kimberly wants to buy zero-coupon bonds as a means of saving for retirement. She finds that the current price of a zero-coupon bond with a face value of $1,000 and 30 years to maturity is $242.90. (Round answer to 0 decimal places, for e.g. 15%.) (a) If she buys this bond and holds it to maturity, what annual yield to maturity will she earn before taxes? %

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